Mortgage News
Newcastle launches into new build Help to Buy with remortgage product
Newcastle Intermediaries has announced its entry into the Help to Buy new build market, including both the standard 20% equity loan and the 40% Help to Buy London scheme.
The range includes two and five-year new build mortgages, with a free valuation, 10% over payments and £300 cash back.
There’s also a remortgage product, fixed for three years at 2.35% with no product and legal fees. Available up to a maximum of 75% LTV, this deal is aimed at those borrowers with their initial Help to Buy mortgages maturing.
Wayne Curry, managing director of new build firm Safeguard Financial Services, said: “It’s great to see Newcastle Intermediaries supporting home buyers in the North East and beyond, through the ever popular new build Help to Buy scheme. Newcastle Intermediaries is also offering Help to Buy remortgage products, giving customers even more choice in the market place.”
Newcastle Intermediaries is offering Help to Buy through a selection of key partners including: Sesame, Openwork, L&G, Mortgage Advice Bureau, Intrinsic, First Complete, Pink Home Loans, The Mortgage Alliance, Premier Mortgage Services, SimplyBiz Mortgages, Brilliant Solutions and Tenet.
Last month, Newcastle Intermediaries extended its buy-to-let range to all key partners and enabled brokers to complete applications on the website, completing its move to paper-free applications.
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Pictured: Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, speaking at The Mortgage and Protection Event 2016